St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-30
On the Chicago Board of Trade the
Temper of the Crowd was Bear
ish Saturday Morning.
Cables From English Markets Re-
ported Poor Demand for Wheat,
and Receipts We're Large.
The Active Traders We're Nearly Unani-
nous in the Belief that Prices
Would Go Lower.
Transactions in the Financial Circles of
Wall Street.-The General
Quotations.

CHICAGO, May 2S.-Cables from English
markets reported poor demand for wheat
and the receipts were large. The temper of
the crowd was bearish at the opening of the
board. July wheat opened at S6l2c and at
once sold down to seize. June opened at
S7S4c and sold to SSlSc. The active traders
on the board were very nearly unanimous in
their opinion of the market. They believed
it should go lower. They were not opposed
10 any extent by the clique and prices did go
lower August led the weakness, but it was
followed shortly afterward by July. June
followed Till il got down TO SSc, when the
clique gave in their support and subsequent
dealers IN the other options had no effect
upon il whatever The low mark for August
was Sic, and for July was S5asc. The trad
ing was fairly large for Saturday,
but was much lighter than yes
terday The large receipts here and at
other points and enormous arrivals expected
Monday ultimately had Il weakening effect,
and July wheat sold down to S4A@1S5sSc,
closed at S5l2c; June closed at SSc. Corn
opeced weaker al 3SSSc, for the July option.
Large receipts and Il general disposition to
sell it short caused July TO decline to 39l2c.
but at that figure il found several good
buyers. July hung at 39SSc until nearly
noon, when it weakened to 39lsG139l2c, and
continued during the balance of the session,
closing at 394c. Provisions were weak all
dav and the declines were steady and con-
tinuouS July lard opened AT 5000, and
closed at S6.52l2@6.50; July ribs opened at
S7.20, declined to $40, tirmed up to
STl5, and closed al S7.l2l2Q7l5.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. = May, S7S4c, closing at S7l2c;
June, SSi4c, closing at SSc; July, S6l2c,
closing at S5l2c; August, S4s4c, closing at
S3S4e. Corn-No. , May, 37l2c, closing ut
395se, closing at 39Ac; August, 4Q7se,
closing at 40lac Oats-No. > May, DISC,
closing at 25l2c; June, 257sc. closing at
25S4c; July, 267S@27c, closing at 26S4c; Au-
Dbl, May, $3.50, closing, at $3.50; June,
$3.50, closing at $3.50. Lard-per 100
lbs, May, S655, closing at S6.4212; June,
5000, closing at S6.42l2 July, S6.65, closing
At $500. August, $50, closing at $3.50.
closing at S7.O2l2: June, $40, clos
ing at s.. O2la July, 81. 30 closing at 81 12la@
7.15; August, S7.32l2, closing at S7.2212.
Cash quotations were as follows: Flour
dull and unchanged. No. . spring wheat,
= red, S74@S7S4c. Corn-No. 2, 37lec. Oats
No. >, 25l4c. Rye-No. =, soc. Bar
ley-No. >, SIC. Flax seed--No. l, S1.14l2
@1.15. Prime timothy seed, S1S5. Mess
$6.42l5@6.45. Short ribs sides, loose, $40
7.02t2; dry sailed shoulders, boxed, SIS. COG
SO; short clear sides, boxed, S7.45@7. 80.
WhiSky-Distillers' finished goods, per gal,
S1.1O. Receipts-Flour, l L, 900 bbls; wheat,
1900 bu: corn, 10, 900 bu: oats, 157 600
bu; rye, 900 bu; barley, 10000 bu. Ship.
ments-Flonr, ZOO bbls; wheat, 10, 90 o bu;
corn, 235 900 bu; oats, 100000 bu; barley,
5000 bu. On the produce exchange to-day
the butter market was weak and in large
supply: creamery, 100 16I2e; dairy, 11@15c.
Eggs firm at lc